Feds: Most states to see steep ObamaCare rate hikes | TheHill

The price of the most popular plan under ObamaCare will increase by an average of 25 percent on the federal marketplace next year, according to data released Monday.This year’s increase — which is more than triple that of last year’s — is the sharpest jump yet since the launch of HealthCare.gov. The premium hikes will directly hit the 16 percent of people with ObamaCare plans who do not currently receive subsidies. The rest will be shielded from most or all of those price increases by ObamaCare subsidies, which increase alongside the rising premiums.About 260,000 people could also become newly eligible for those subsidies, the administration said. About 22 percent of the 1.3 million people who currently buy ObamaCare plans without subsidies could qualify for subsidies next year.

Source: Feds: Most states to see steep ObamaCare rate hikes | TheHill